While some states will see medical claims costs per person decline, the report [by the Society of Actuaries] concluded the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.

The disparities are striking. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.

It’s not just your premiums that are likely to go up as a result of ObamaCare. The federal deficit will also rise. As the American Enterprise Institute’s Christopher Conover puts it:

It turns out President Obama was right when he said his health care law wouldn't add one dime to the federal deficit.1 Figures from the Government Accountability Office suggest that the Patient Protection and Affordable Care Act will in fact add 62 trillion dimes over the next 75 years.2 (To give that $6.2 trillion some perspective, our national debt is currently $16.7 trillion.)

Unlike Social Security, Medicare, and Medicaid, ObamaCare is unlikely to become popular with the public. It is ill-conceived and not user-friendly. The question is what will reform of the reform look like.

A failure of ObamaCare could take us to a single-payer system (the payer is the government), which was the real hope of many who supported ObamaCare, even though they wanted to go further. It will depend on which party controls the branches of government. It will also depend on what kind of ideas they are able to put forward.

STAY CONNECTED

Stay up-to-datewith everything IWF!
Sign up for our newsletter:

Email Address *

First Name *

Last Name *

* indicates required

IWF PODCAST

BESPOKE PODCAST

Events

Features

Book Store

IWF on TWITTER

Independent Women’s Forum’s mission is to improve the lives of Americans by increasing the number of women who value free markets and personal liberty. Sister organization of Independent Women’s Voice.